Sensex opens at fresh peak

Mumbai: Equity benchmark Sensex opened over 200 points higher on Thursday, but soon pared its initial gains on profit-booking and was trading in the negative territory amid a mixed trend in global markets.

After opening at its lifetime peak of 54,576.64, the 30-share index turned flat, slipping 8.33 points or 0.02 per cent to 54,361.44.

 

In similar movement, the broader NSE Nifty inched 8.95 points or 0.06 per cent lower to 16,249.85 in early trade.

IndusInd Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by



Titan, Tata Steel, M&M, Bajaj Finance and SBI.

On the other hand, Bharti Airtel, HCL Tech, Tech Mahindra and Kotak Bank were among the gainers.

In the previous session, Sensex rallied 546.41 points or 1.02 per cent to end at its new record of 54,369.77, and Nifty surged 128.05 points or 0.79 per cent to its all-time peak of 16,246.85.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 2,828.57 crore on Wednesday, as per provisional exchange data.